September 20, 2019

Companies play increasingly critical role in employee financial wellness

By the year 2050, the number of people supporting each senior citizen worldwide is likely to be just one-third what it was in 1950 and half of what it is today.

August 05, 2019

Prudential Financial completes historic second-largest pension longevity risk transfer

HSBC Bank (UK) Pension Scheme announced a captive longevity reinsurance transaction with Prudential Financial, Inc. (NYSE: PRU) to transfer longevity risk associated with £7 billion ($8.7 billion) of pensioner liabilities.

August 02, 2019

Prudential Retirement announces a new reinsurance counterparty, bringing its support to insurers that make up over 90% of UK pension risk transfer market

NEWARK, N.J., August 02, 2019 - Prudential Retirement®, a business unit of Prudential Financial, Inc. (NYSE: PRU), and The Phoenix Group, Europe’s largest life and pensions consolidator and one of the fastest-growing providers of life and pension insurance in the United Kingdom, have entered into an inaugural longevity reinsurance agreement covering U.K. retirees.

July 22, 2019

Wayne County and Prudential Retirement continue 20-year partnership with $650M in assets

NEWARK, N.J., July 22, 2019 - Prudential Retirement will continue its more than two-decade partnership with Wayne County, the most populous county in Michigan, as record keeper for its defined contribution retirement plans. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE: PRU).

July 16, 2019

Gimme shelter: Desire for safety from volatility drives annuities sales resurgence

Prudential Annuities’ sales beat industry average as the business offers new products, expands distribution and moves into new markets.

June 11, 2019

Working women in two-income households face unexpected retirement risk

Perceptions and reality of family life and marriage have changed dramatically in the last 50 years, yet the Center for Retirement Research at Boston College finds the retirement risks faced by working women in two-income households may be greater than what many believe.

 

May 14, 2019

Accountants association counts on Prudential for retirement income

When the American Institute of Certified Public Accountants asked their longtime benefit providers for recommendations to help them achieve their retirement goals, Prudential created a simplified solution to provide a guaranteed source of income.

April 24, 2019

Prudential Financial closes $2.6 billion in longevity reinsurance agreements, signaling pre-Brexit rush to de-risk by U.K. pensions

NEWARK, N.J., April 24, 2019 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE: PRU), has concluded about $2.6 billion in previously undisclosed longevity reinsurance contracts, an important signal of an unprecedented start to the 2019 U.K. pension risk transfer market.

April 11, 2019

Gig workers face unique challenges paying taxes, new Prudential poll finds

This week is crunch time for those who have yet to file their taxes, and though most of us look forward to the annual accounting dance about as much as we look forward to a root canal, America’s 15.5 million independent workers find it even more stressful and complicated than the rest of us.

April 11, 2019

Prudential expands financial wellness capabilities to address Americans’ most pressing financial needs

NEWARK, N.J., April 11, 2019 - Prudential Financial, Inc. announced the introduction of a range of new financial wellness solutions to help address the most pressing financial challenges facing American consumers.